Bills restructure Diggs contract; create 7.8. Mill in cap space

[78thealltimegreat]

42 minutes ago, machine gun kelly said:

The DE pool is long gone.  CB2 or TE makes sense.  There is no way we are going after Jones.  We are too loaded in that spot and we havent even seen Hodgins yet.

Agreed and supposedly Hodgins looks really good in mini camp 

[BillsDude]

55 minutes ago, Putin said:

Bills mafia close to the airports  in ATL & Philly will need hourly updates on this thread, 

thank you 

 

Great! Mafia, Get er done. Congratulate our newest Bills with the loudest ovation. Throw in some Bills gifts for them too.

[jletha]

19 minutes ago, 78thealltimegreat said:

Agreed and supposedly Hodgins looks really good in mini camp 

Hodgins looking good in mini-camp means absolutely nothing. If Jones is available for a decent price you get him. This is silly logic

[78thealltimegreat]

Just now, jletha said:

Hodgins looking good in mini-camp means absolutely nothing. If Jones is available for a decent price you get him. This is silly logic

You don’t have the money for Julio even after the restructure 🙄

[Buffalo03]

4 minutes ago, 78thealltimegreat said:

You don’t have the money for Julio even after the restructure 🙄

Cut Addison, then we do. Not sure why he's still on this team anyway

[78thealltimegreat]

8 minutes ago, Buffalo03 said:

Cut Addison, then we do. Not sure why he's still on this team anyway

He took a paycut to begin with and then you’d have to resign Julio and that will be very expensive 

[Buffalo03]

4 minutes ago, 78thealltimegreat said:

He took a paycut to begin with and then you’d have to resign Julio and that will be very expensive 

Not necessarily resign him but restructure. This is the year. If you're gonna go for it, do it now. Josh's contract is really gonna kick in next season

[Thurman#1]

14 hours ago, Big Turk said:

 

No need to be torn the cap is skyrocketing within a few years, plenty of money to go around...potentially will be up over $100 million in 5 years

 

 

Need. Yes it'll skyrocket in a few years. But till that happens in 2023, we're going to be cutting it close.

 

We are already close to the cap next year, and moves like this one will make it even closer next year, though perhaps he won't spend a fairly large part of that money.

 

Next year, now that we made the Diggs move we have $3.9M left above the cap. If he doesn't spend some, that part will roll over and that'll help. 

 

This stuff matters.

[jletha]

37 minutes ago, 78thealltimegreat said:

You don’t have the money for Julio even after the restructure 🙄

the cap is very nebulous. Just restructure, move money around. Im not saying itll happen, just that having Hodgins and Sanders on the team looking "good in camp" should NEVER stop you from adding Julio Jones in an all-in year like this.

[Thurman#1]

44 minutes ago, Buffalo03 said:

Cut Addison, then we do. Not sure why he's still on this team anyway

 

 

'Cuz he's top four and probably top two among the DEs, at least that's how it looks right now. And also because virtually all his salary this year is guaranteed, and cutting him would save us about $0.17M.

10 minutes ago, jletha said:

the cap is very nebulous. Just restructure, move money around. Im not saying itll happen, just that having Hodgins and Sanders on the team looking "good in camp" should NEVER stop you from adding Julio Jones in an all-in year like this.

 

 

Beane - thank goodness - doesn't believe in "all-in" years. He believes in long-term competitiveness. 

 

9 hours ago, NoSaint said:

 

restructures make the player happy and add flexibility for the GM. It’s win win, generally speaking 

 

 

 

They make the player happy, they add flexibility for the GM THIS YEAR, and take away flexibility from the GM NEXT YEAR. Worth remembering that. There's a cost.

Edited June 2, 2021 by Thurman#1

[BarleyNY]

4 minutes ago, Thurman#1 said:

 

 

They make the player happy, they add flexibility for the GM THIS YEAR, and take away flexibility from the GM NEXT YEAR. Worth remembering that. There's a cost.

It’s worth noting that restructuring only takes away flexibility next season if the additional space created this season is spent this season.  What isn’t spent rolls over and that washes.  Usually at least some is spent like that, but sometimes space is just created  for emergency spending in the event of injuries, etc.  In the case of Diggs restructuring the Bills need some of that space to get through the season.  That includes some emergency fund money which will roll over if unused. 

 

Also sometimes spending this year on things like retaining players long term can keep a team from having to sign free agents in the future.  That can be a net cap gain, depending on the contracts and FA market.

[Thurman#1]

9 minutes ago, BarleyNY said:

It’s worth noting that restructuring only takes away flexibility next season if the additional space created this season is spent this season.  What isn’t spent rolls over and that washes.  Usually at least some is spent like that, but sometimes space is just created  for emergency spending in the event of injuries, etc.  In the case of Diggs restructuring the Bills need some of that space to get through the season.  That includes some emergency fund money which will roll over if unused. 

 

Also sometimes spending this year on things like retaining players long term can keep a team from having to sign free agents in the future.  That can be a net cap gain, depending on the contracts and FA market.

 

 

Yes, that's right. If they create $10M in space this year and only spend $5M, they'll have the other $5M rolled over to next year.

 

I don't think they got the money because they need it next year, though it's an interesting idea. That would mean borrowing money from next year and the year after to not spend this year so it's available next year in 2022. It'd make sense in as much as they're borrowing around $4M from 2023, but that's pretty small potatoes to be worrying about so far in advance. They need at least some of it this year, even if it's only as an emergency fund this year, as you say. 

 

IMO, though, they'll be bringing in a couple of low- to lower-mid-level FAs at spots like CB and TE.

 

Agreed with your last paragraph too.

 

Edited June 2, 2021 by Thurman#1

[Slippery Rubber Mats]

The way I look at this is: what couldn't they do at the old number (3+mil)?

 

They need to pay Rousseuueoeu ~2. That would leave them with a million plus, so basically no flexibility at all after that.

 

Now they'll have around 9 mil to work with. I could see a vet CB around 5-6mil plus rooks. Leaving them 3+ to do business with after that.

 

Ertz seems like he could fit in instead of the CB with some cash left on the table to pay Greg and have about the same amount left over as before.

 

 

Edited June 2, 2021 by Tom Donahoe, GM

[Doc]

If it's a choice between Jones and Ertz, I take Ertz.  The Bills have WRs galore.  What they need is a top TE.

[NoSaint]

2 hours ago, Thurman#1 said:

 

 

'Cuz he's top four and probably top two among the DEs, at least that's how it looks right now. And also because virtually all his salary this year is guaranteed, and cutting him would save us about $0.17M.

 

 

Beane - thank goodness - doesn't believe in "all-in" years. He believes in long-term competitiveness. 

 

 

 

They make the player happy, they add flexibility for the GM THIS YEAR, and take away flexibility from the GM NEXT YEAR. Worth remembering that. There's a cost.

nope. If you don’t use it you can just carry the unspent cap over. How they use the funds May limit flexibility but the signature itself 100% only creates more flexibility.

 

put another way, if I tell you that you can have 20 up front to spend how you wish or 4 dollars a week for 5 weeks, you blowing the $20 on worthless objects wouldn’t mean you had less flexibility by choosing it.

 

beane just dropped the 20 in his checking account and has the freedom to pursue a $20 opportunity now or save it for later.

Edited June 2, 2021 by NoSaint

[simpleman]

22 hours ago, Virgil said:

This isn’t true.  Bonuses are considered supplemental income and are taxed at a higher rate.  Some companies may not code it the right way, which is why you haven’t seen it.  
 

If you go to the IRS site, they break it down more.  
 

I used to get bonuses all the time and the tax rate was closer to 40-42%

Don't know what you are trying to prove. The article you quoted talks about withholding rates. Again, withholding is not a final tax.  At the end of the year the actual tax bill is calculated and your taxes are paid based on that final calculation. The bonus income is not taxed at a higher rate, it is just withheld at different rate. Your only extra loss because of the higher withholding is any loss of interest paid between the time of the withholding, and your filing of the years return and any tax refund issued.

[MJS]

Maybe Star is retiring and the Bills need to free up room for that. That's obviously not a fun thought...

[YoloinOhio]

46 minutes ago, MJS said:

Maybe Star is retiring and the Bills need to free up room for that. That's obviously not a fun thought...

Sure Doesn’t seem like it 

[Big Turk]

5 hours ago, Thurman#1 said:

 

 

Need. Yes it'll skyrocket in a few years. But till that happens in 2023, we're going to be cutting it close.

 

We are already close to the cap next year, and moves like this one will make it even closer next year, though perhaps he won't spend a fairly large part of that money.

 

Next year, now that we made the Diggs move we have $3.9M left above the cap. If he doesn't spend some, that part will roll over and that'll help. 

 

This stuff matters.

 

There are plenty of moves that can be made prior to that...Allen and Edmunds will likely get long term extensions that are very cap friendly for the first 2 years which would likely save us at least $25 million off the cap next year.

 

We are all playing checkers while Beane and Co. are playing chess.

Edited June 2, 2021 by Big Turk

[Doc]

18 minutes ago, YoloinOhio said:

Sure Doesn’t seem like it 

 

Yeah.  That video dispelled a lot of rumors.